Qatari stock alert

QATAR

CLOSING UPDATE: Qatar National Bank decreases 0.7%, led market lower 21 January 2018 13:23 AST

NEWS BITES - MIDDLE EAST & NORTH AFRICA

This is an end of day Alert, produced after today's Qatar market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Qatar National Bank, Qatar's largest bank by market capitalisation, has decreased 0.7% to trade at QAR136.22 vs. the QE Index which weakened 19.6 points (or 0.2%) to 9,155.9. Representing a weighting of about 32.0% of the index, the stock accounted for the loss. Trading volume was 85% of average at the end of the day. Compared with the QE Index which fell 19.6 points (or 0.2%) in the day, this represented a relative price change of -0.5%.

Technical indicators complementing today's significant downtrend:

+ In the last three months the stock has hit a new 52-week low four times, pointing to a downtrend.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Overvaluation:

+ Price to Book of 1.9 [1.5]

+ Dividend yield of 2.6% [3.5%]

Note

Qatar National Bank today is at a discount of 13.3% to the 12-month high of QAR157.10 on 26 Feb, 2017. It is at a premium of 18.4% to the 12-month low of QAR115.01 on 28 Nov, 2017.

Bullish Signals:

The positive 3.36 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

The price increased 1.3% in the last week and jumped 9.9% in the last month.

The company is cash rich with Cash to Market Capitalisation at 40.2%.

Tobin's Q Ratio is 0.2. Compared with the rest of the market the stock is undervalued and ranks in the top quartile of stocks by value of Q Ratio.

Net profit margin has averaged 48.7% in the last 3 years. This is considered superior and suggests a high margin of safety.

As per the Du Pont analysis, Return on Equity of 17.6% is better than sector average of 12.1%.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Undervaluation:

Price/Earnings/Growth of 1.21 [3.8]

Return on Equity 17.6% [12.1%]

Year-on-Year Earnings Growth of 7.5% [2.8%]

TODAY'S ALERT

Morning Alert: Qatar National Bank decreases 0.2%

21 January 2018 10:06 AST

Qatar National Bank (QE:QNBK) traded on volume of 0.1 times average so far today while the price decreased 22.0 Dirham (or 0.2%) to trade at QAR137.0.

RECENT ALERTS

CLOSING UPDATE: Qatar National Bank increases 1.1%, led Bank sector higher

17 January 2018 13:24 AST

Qatar National Bank, Qatar's largest bank by market capitalisation, has increased 1.1% to trade at QAR136.04 vs. the Bank sector which strengthened 41.4 points (or 0.4%) to 11,305.3. Representing a weighting of about 58.8% of the sector, the stock accounted for the gain. The shares have outperformed 87% of the market in the past week. Trading volume was 1.5 times average at the end of the day. Compared with the QE Index which fell 20.9 points (or 0.2%) in the day, this represented a relative price increase of 1.3%.

Morning Alert: Qatar National Bank increases 1.8%, leads market higher

17 January 2018 10:06 AST

Qatar National Bank (QE:QNBK) has increased 1.8% to trade at QAR137.0 vs. the QE Index which strengthened 37.8 points (or 0.4%) to 9,198.9. Representing a weighting of about 32.1% of the index, the stock accounted for the gain. The shares have outperformed 90% of the market in the past week. Trading volume was 5.0 times average so far today.

Qatar National Bank (QA:QNBK; QD:QNBK)

ISIN: QA0006929895

PermID: 4295886960

Source: www.BuySellSignals.com